I don't work in mms but have worked with people in mms in past. I wanted to give heads up I heard from reliable source layoffs for part of mms coming likey time early summer. Just heads up.
Topics regarding layoffs at AIG (American Intl Group Inc.)
Keep an eye on the Insured's, non renewing and new business, and what is being transferred to TPA's. A big way to cut costs is to also have new business handled by TPA's and have it just on paper as an AIG account. There will be a lot of little TPA's... — read more
I heard that they are in the process of once again of reducing Head Count for Claims. I heard that this is anticipated to occur in late July or early August. I am just wondering if this is true as I don't see any new business being written. I know... — read more
do we get paid out of our unusues PTO if we get Riffed, laid off, etc? Is this why everyone is being told to take their PTO days every week?
All employees were laid off yesterday without warning. All told they were terminated and done after the call. No Managers involved, it was cold hearted AIG at its best delivered news read from transcript!
The Nashville Business Journal advised on 6/24/20 that the Brentwood location would be laying off 79 starting Aug 21,20. https://www.bizjournals.com/nashville/news/2020/06/24/insurance-company-cuts-nearly-80-brentwood-jobs.html
Post any information about potential or actual AIG Layoffs 2020? Any news or rumors?
Tcm, UR and DDME layoffs today , more to come in September
Just wondering if RIF'S will continue this week as it is a pay week. It's also the beginning of a new quarter so they may wait until August or September. I heard there will be a lot of RIF's in September but am wondering will they do some in August... — read more
American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transfer their upper... — read more
Hearing from reliable sources that AIG will be leaving Brentwood over the next year. First wave coming this week.
In today's day and age, who writes linkedin profiles as "Mr Zaffino" ? https://www.linkedin.com/in/peter-zaffino Classic old school insurance co - about to be disrupted by likes of new insurtech cos.
Last week around 250+ from IT, Corporate Finance & Transformation teams were let go ....next big round in Sep
It begins: “I didn’t want any advice.” Then why all the consultants you insufferably smug shmuck? Then why all the new exec positions if you’ve got ideas? You’re a grifter Petey, just like Brian. Furthering the thought of Pete being a grifter... — read more
It’s June already and currently Covid 19. HR is not considering to allow more than 10 days to roll over into next year. It’s only considered to roll more over in certain situations like, “IT issues or upgrades”, o k a y .... yet not when Covid 19... — read more
I have been here a long time so naturally been through many rif cycles. The rif starts when upper management wants to reduce costs to prop up quarterly earning reports and increase their bonus and their stock incentives. This has been occurring on a... — read more
CIO actually asked this question during a meeting the other day. What planet does he live on? I guess it's easier when one pretends that lives aren't impacted by these decisions. Let's see if Accenture is as good as they think they are, because now... — read more
All I know is that they just laid off people yesterday right after Father's Day. They promised no rifts until the pandemic is over and people will get advanced notice. They called the people working hard from home yesterday and told them today is... — read more
Long time employee and I've been reading posts here for years. Sad to say this but it's the best resource for insight into what's going on in the organization.
2-3 months ago, the pandemic unemployment benefit gives an extra $600/week... so for some employees, getting RIF'ed could result in a pay bump until end of July. So if AIG lays anyone off, it should've done it then. But now... the benefit is only... — read more
Because all BD and PZ due is loot and plunder the company at the expense of everyone, shareholders, employees, customers, etc. 200% STI for mediocre results, employees would be lucky to get half that and do a good job despite bad... — read more
AIG is a worthless company for anyone other than an elite few. Who by the way are there simply to pilfer the coffers. The absolute waste of time consumed by employees contemplating their ultimate demise with this company is inhumane. Cruel. And... — read more
I'm hearing two different stories. I am hearing there will be more RIF's starting the week of June 22 and some into July and then I am hearing that there will only be very small RIF's the week of June 22 and start again with a big one on Sept. 14th... — read more
More layoffs on the way, 500 were let go on Wednesday...
Very interesting...Former employee has filed a lawsuit claiming age discrimination among other things. Will be interesting to see what happens.
As per AIG's quarterly report Blackboard has been put into run-off. AIG paid $100 million for Hamilton USA, which got morphed into Blackboard - and who knows how much more AIG sunk into it afterwards... — read more
From another anonymous site... Next round of RIFS the week of June 8th, after that the week of September 14th. HR is starting the process.
Info Sec got hit as well. Notable was Ken Lin, architect.
are the supervisors, mid level management and Leads especially terrible at AIG, or is it the same at any other large corporation (Pru, Chubb, etc.)? Should I even bother interviewing with these other companies, as an individual contributor. I'm... — read more